All Forum Posts by: Timur Salikov

Hey guys, our Cincinnati forum area has been a little quest lately so I thought I'd spice it up and propose a new hot little area some ppl here might be interested in. Lookup Urbana Cafe of East Price Hill. The same way Bloc Coffee shop has kicked off a wave of revival in the Incline District of Price Hill, Urbana might pull it up north. You still have houses there selling for 80k in that area. The city just poured some cash into remodeling that library across the street and new commercial rehabbed spaces are available at discounted rents for new startups. Admittingly Warsaw ave was rough back in the day but this can be a sign of a turnaround?

I found a company that will help you set it up, although I haven't used them yet. You have to buy the water meters and install them yourself, they will come by and take the reading with a signal from the outside. 

https://edgeutilities.com/

Jaycee Greene,

B neighborhood, rents are $4265.

Hey guys, I own a 4 unit that I plan on doing a cash out refi on. Can anyone help me by running some comps and letting me know for what it would apprise for ( ballpark )  Thanks!

1325 Cypress St, Cincinnati, OH 45206

How much did you buy it for and what's your annual tax bill? Recently I got a huge increase also. On a 320k property Ill be paying 9k annually. 

Jacklyn Robins, yeah sure. I'll try and help any way I can. Just shoot me a DM.

Look up Moses Kagan on X. He runs Adaptive Reality and they are killing it. They figured out the formula. They know rental demand is sky high due to rent control and building restrictions. They buy an apartment, remodel it to hipster sensibilities and list it for 4k-5k a month. They have the system down. 

Yeah not a great spot. I hope that real estate agent knows more about Dayton then Cincy. I believe he shouldn't have let you buy this building unless you fully knw what you are getting yourself into. I own a 3 unit in the area but a different street. So far, I haven't had any issues renting my unit. I believe the main issue is 2 fold: 1. Busy street 2. Too many low income apartment buildings near by / vacant buildings. As a matter of fact, the red 4 unit next door is always on Zillow trying to be sold. But by the the biggest issue is PRICE. For $1,500 renters in Cincy would expend very nice place on a quiet street and desirable area. 

 

I'm a Cincy investor. Send me a DM if you wanna talk neighborhoods or have any questions. 

Calculate how much equity you have in the house, and then calculate the annual return on that equity. I would keep and hold it for the long term, unless you can deploy that money in a much more productive investment.